Property Description
National Multifamily is pleased to present 52 Lincoln Place, a two-building multifamily investment opportunity located in Liberty, NY. The property sits in Sullivan County within the Catskills, benefiting from the area’s ongoing tourism-driven revitalization, including proximity to Resorts World Catskills Casino, Kartrite Resort & Waterpark, and the YO1 Health Resort, which continue to support strong seasonal and year-round rental demand in the local market. The property is also within walking distance of downtown Liberty.
The property is comprised of two separate buildings situated on a 0.28-acre lot, with combined improvements totaling approximately 5,772 SF and an original construction date of 1940. The back building contains three one-bedroom units (one unit on Level 1, two units on Level 2). The front building, also a three-unit configuration, sustained fire damage in 2024 and is currently non-income-producing. Per the Liberty Building Department, restoring the units to occupancy will require a letter from a licensed engineer confirming structural integrity.
The property offers a strong value-add opportunity. The back building delivers immediate, stabilized cash flow, with in-place rents well below the $1,800–$2,000 per month achieved by renovated units in the area. The front building represents the primary upside: with engineering sign-off, an investor can restore the fire-damaged structure and capture renovated-level rents on turnover. Together, the two buildings pair in-place income with ground-up value creation in a submarket benefiting from significant nearby tourism and hospitality investment.
